Ingersoll Rand Expands with TMIC/Adicomp Acquisition
Deal News | Jul 01, 2025 | Globenewswire
Ingersoll Rand Inc. has acquired Termomeccanica Industrial Compressors S.p.A. (TMIC) and its subsidiary Adicomp S.p.A., enhancing its capabilities in high-growth markets. TMIC/Adicomp, valued at approximately 160 million, specialize in air and gas compressors and renewable natural gas solutions. The acquired businesses will integrate into Ingersoll Rand's Industrial Technologies and Services segment, reinforcing the company's strategy of targeted bolt-on acquisitions. This acquisition is part of Ingersoll Rand's disciplined capital allocation approach, aiming for a low-double-digit purchase multiple and expecting synergies to reduce the multiple to the mid-to-high single digits, ultimately strengthening its proprietary partnerships, particularly with family-owned businesses. The move aligns with Ingersoll Rand’s long-term growth strategy, expanding its competencies and enhancing shareholder value.
Sectors
- Industrial Manufacturing
- Renewable Energy
Geography
- United States – Ingersoll Rand is headquartered in Davidson, N.C., and operates globally from the US.
- Italy – TMIC/Adicomp are based in Italy, indicating a strong Italian presence in their operations.
- Brazil – TMIC/Adicomp have recently expanded into Brazil, marking it as a region of growth and market interest.
- India – The expansion into India by TMIC/Adicomp showcases strategic market venturing in Asia.
- North America – TMIC/Adicomp's existing presence in North America reflects a strategic expansion in this significant market.
Industry
- Industrial Manufacturing – Ingersoll Rand operates in the industrial manufacturing sector, providing flow creation and industrial solutions, while TMIC specializes in air and gas compressors.
- Renewable Energy – Adicomp's focus on engineered-to-order solutions in the renewable natural gas sector ties them to the renewable energy industry, offering sustainable technology solutions.
Financials
- 160 million – Purchase price for TMIC/Adicomp acquisition.
- low-double-digit – The initial purchase multiple aimed by Ingersoll Rand for the acquisition.
- mid-to-high single digits – Expected post-synergy multiple after integrating TMIC/Adicomp.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Ingersoll Rand Inc. | Acquirer | Company | A global provider of mission-critical flow creation and life science and industrial solutions. |
| Termomeccanica Industrial Compressors S.p.A. (TMIC) | Target | Company | An international leader in the design and production of air and gas compressors. |
| Adicomp S.p.A. | Target Subsidiary | Company | A subsidiary of TMIC, specializing in engineered-to-order solutions in the renewable natural gas industry. |